Tinsa estimates that the price of properties dropped by 10,5% in April.

The properties in metropolitan areas were the ones with a higher descent, 13,7%, followed by the ones in the Mediterranean coast with a discount of 12,8% over the same month of the previous year.

Properties in capitals and great cities reduced their prices by 11,3% in April, while the ones located in other locations dropped by 11,7%.

Only the properties in the Canary and Balearic Islands experienced an increase of 3,3%, a figure that Tinsa interprets as a “current stabilizing”.

Since the highest level reached by prices, the accumulated fall in the Mediterranean coast reaches 45%, followed by capitals and great cities, with 40,4%; the metropolitan areas, with 40,2%; the rest of municipalities, a 33,1% and the Balearic and Canary Islands, with 24,5%.

Source: Expansión